India Technology Sector Merger & Acquisition Filings — May 05, 2026

05-05-2026

The Board of Shoppers Stop Limited approved audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, reporting a net loss on standalone basis with unmodified audit opinion; however, a pending service tax liability of Rs 16.60 crores on renting activities from 2007-2010 remains unprovisioned pending Supreme Court appeal. The Board also approved an additional investment of upto Rs. 40 Crores in wholly owned subsidiary Global SS Beauty Brands Limited via rights issue, where existing investment stands at Rs. 110 Crores (Rs. 5 Crores equity + Rs. 105 Crores preference), alongside re-appointments of Independent Director Arun Sirdeshmukh and internal auditors PricewaterhouseCoopers LLP, and updates to KMP for materiality determinations.

• ·Re-appointment of Mr. Arun Sirdeshmukh as Independent Director for second term w.e.f. October 20, 2026 to October 19, 2031, subject to shareholder approval.
• ·Re-appointment of M/s. PricewaterhouseCoopers LLP as Internal Auditors w.e.f. July 01, 2026 to June 30, 2027.
• ·Authorized KMP for determining materiality: Mr. Kavindra Mishra (MD & CEO), Mr. Pankaj Chaturvedi (CFO), Mr. Rakeshkumar Saini (CS & CCO).

05-05-2026

Kundan Ventures FZCO, a subsidiary of Kundan Minerals and Metals Limited, has acquired a 99% stake in West Africa Exploration & Mining, Mauritania, for a total consideration of 99,000 MRU in cash, making it a step-down subsidiary. The acquisition aims to expand the company's international presence in mineral mining, with the target entity incorporated on August 19, 2025, and reporting NIL turnover in 2025. The transaction involves approvals under applicable laws and will be completed upon payment crediting.

• ·Target company date of incorporation: 19th August, 2025
• ·Target company turnover: NIL (2025)
• ·Acquisition from unrelated third party, not a related party transaction
• ·Approvals required under applicable laws of respective countries
• ·Payment initiated via account transfer; completion upon crediting

05-05-2026

Cigniti Technologies Limited (Transferor Company) has announced that the Scheme of Amalgamation with Coforge Limited (Transferee Company), sanctioned by the NCLT Chandigarh Bench, has become effective after filing the certified order with the Registrar of Companies, Haryana. The Appointed Date is April 1, 2025, resulting in Cigniti being amalgamated with Coforge and dissolved without winding up. Cigniti's board meeting scheduled for May 5, 2026, to consider financial results has been cancelled, with results to be subsumed in Coforge's standalone financials; Coforge's board will fix the record date for share swap.

• ·BSE Scrip code: 534758
• ·NSE Symbol: CIGNITITEC
• ·Equity ISIN: INE675C01017
• ·Previous announcement dated May 1, 2026
• ·Coforge Board meeting on May 5, 2026, to fix record date for equity share cancellation and issuance per swap ratio

05-05-2026

The Board of Directors of Kriti Industries (India) Limited approved the Scheme of Amalgamation to merge its wholly owned subsidiary, Kriti Auto & Engineering Plastics Private Limited (which has discontinued operations, zero turnover of ₹0 L, and net worth of ₹974.45 L as of March 31, 2026), into the parent company (net worth ₹22,071.40 L and turnover ₹58,736.73 L as of March 31, 2026). The merger aims to simplify group structure, achieve cost savings, and reduce administrative compliances, with no cash consideration or share issuance involved. The scheme is subject to regulatory approvals including NCLT.

• ·Transferor Company is unlisted and a wholly owned subsidiary.
• ·Proposed merger exempt from related party transaction approvals per MCA and SEBI circulars.
• ·Board meetings: Audit Committee on May 4, 2026; Board on May 5, 2026.

05-05-2026

Kreon Financial Services Limited disclosed under SEBI Regulation 29(1) the acquisition of 2,321 equity shares (0.04%) in Shivansh Finserve Limited on April 30, 2026, increasing its holding from 310,352 shares (4.97%) to 312,673 shares (5.01%), thereby crossing the 5% threshold. The target company's total equity share capital remains unchanged at Rs.6,24,00,000/- comprising 62,40,000 equity shares of Rs.10/- each, with no encumbrances, additional voting rights, or convertible securities reported. The acquisition was via open market purchase.

• ·Scrip Code: 530139
• ·Acquisition mode: Open Market
• ·Acquirer PAN: AAACT1144R
• ·Target registered office: 22, Harsidhh Complex, First Floor, Ashram Road, Opp. Kalupur Commercial Bank, Income Tax, Ahmedabad, Gujarat-380014
• ·Filing submitted by Jaijash Tatia, DIN: 08085029

05-05-2026

Coforge Limited has announced that Cigniti stands amalgamated with it, entitling Cigniti equity shareholders to receive Coforge equity shares in a 1:1 exchange ratio, subject to eligibility determination on the Record Date of May 16, 2026. In view of this, the Board has deferred the interim dividend proposal to the next meeting.

• ·Filing date: May 05, 2026
• ·BSE Scrip code: 532541
• ·NSE Symbol: COFORGE
• ·Equity ISIN: INE591G01025

05-05-2026

DCM Limited (BSE: 502820) announced receipt of a disclosure under Regulation 10(5) of SEBI (SAST) Regulations, 2011, in respect of an acquisition under Regulation 10(1)(a). This filing indicates an initial acquisition of shares triggering substantial acquisition disclosure norms. No further details such as acquirer identity, target specifics beyond DCM, deal size, shares acquired, or terms are provided.

05-05-2026

M. Manickam, a promoter of Sakthi Sugars Limited, acquired 1,68,60,000 equity shares (14.18% of diluted share capital) from promoter group company ABT Investments (India) Private Limited via inter se transfer on May 4, 2026, at ₹15.96 per share for a total of ₹26,90,85,600. This increased M. Manickam's holding from 1.61% (19,14,200 shares) to 15.79% (1,87,74,200 shares), while ABT Investments' holding decreased from 55.93% to 41.75%. The acquisition is exempt from open offer requirements under Regulation 10(1)(a)(ii) of SEBI Takeover Code.

• ·Disclosure filed with BSE (Scrip Code: 507315) and NSE (Scrip Code: SAKHTISUG) on May 5, 2026.
• ·Exemption claimed under Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

05-05-2026

Vikran Engineering Limited incorporated a wholly owned subsidiary, Vikran Renewable Private Limited (VRPL), on May 4, 2026, with authorised capital of ₹15,00,000 and paid-up capital of ₹1,00,000, to pursue renewable energy projects including solar power generation and related infrastructure. The parent company subscribed to 100% of VRPL's equity shares (10,000 shares of ₹10 each) for ₹1,00,000 in cash at arm's length. Promoters Mr. Nakul Markhedkar and Mr. Vipul Rakesh Markhedkar serve as directors in VRPL; no turnover data as operations have not commenced.

• ·Date of Incorporation of VRPL: 4th May 2026
• ·Country of Incorporation: India
• ·Industry: Renewable Energy – Generation, Storage and Sale of Power and Infrastructure Development
• ·Turnover: Not applicable (yet to commence operations)
• ·Transaction executed at arm’s length; no governmental approvals required

05-05-2026

Raymond Realty Limited filed a document on May 05, 2026, classified as Merger/Acquisition, digitally signed by Hiren Jaidev Sonawala. The filing repeats the company's registered office details: Jekegram, Pokhran Road No.1, Thane (W)-400 606, CIN: L41000MH2019PLC332934, along with contact information including Tel.: +91 22 6837 3700, Website: raymondrealty.in, and Email ID: raymondrealty.corporate@raymond.in. No specific transaction details, financial figures, or performance metrics are provided in the content.

05-05-2026

Primo Chemicals Limited's Board approved the term sheet and incorporation structure for investing in TPCS Private Limited, an SPV for a 50 MW Solar Power Plant under captive OPEX model. The Company will subscribe to 26% equity by investing Rs. 21 crores, anticipating annual cost savings of up to Rs. 24 crores upon commissioning. The SPV was incorporated on February 13, 2026, with current shareholding of Arpa Infrastructure Developers Private Limited (51%) and Sun Photonics Private Limited (49%).

• ·SPV CIN: U35105HR2026PTC141869
• ·Board meeting held on May 05, 2026, from 12:30 to 16:00 hours
• ·Cash consideration for 26% stake in one or more tranches
• ·Subject to Electricity Act, 2003 approvals for captive power and open access in Punjab

05-05-2026

Promoter group member Ssamta Amar Gaala disclosed the sale of 1,40,00,000 equity shares (2.01% stake) in Enbee Trade and Finance Limited on May 04, 2026, reducing their holding from 1,67,00,000 shares (2.39%) to 27,00,000 shares (0.38%). This substantial divestment was reported under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. No other changes in voting rights, encumbrances, or convertible securities were noted.

• ·Disclosure filed with BSE Limited on May 05, 2026.
• ·Mode of acquisition/sale: Inter-se transfer.
• ·No shares encumbered (pledge/lien/non-disposal undertaking).

05-05-2026

Chalet Hotels Limited completed the acquisition of 100% of the equity share capital of Seasons Hotels Private Limited on May 5, 2026, making it a wholly-owned subsidiary. This update follows prior disclosures dated December 11, 2025, April 24, 2026, and April 25, 2026, with detailed acquisition information already submitted on April 24, 2026. The disclosure complies with Regulations 30 and 51 of SEBI (LODR) Regulations, 2015.

• ·Scrip Codes: CHALET (NSE Equity Shares), 542399 (BSE Equity Shares), 976529 (BSE Non-Convertible Debentures)
• ·SEBI Master Circular reference: HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

05-05-2026

Hexaware Technologies Limited has received approval from the New Jersey Division of Revenue for the merger of its wholly-owned subsidiary Softcrylic LLC (Transferor Company, FY2025 revenue USD 29.026472 Mn) into another wholly-owned subsidiary Hexaware Technologies Inc (Transferee Company, FY2025 revenue USD 591.757394 Mn), effective May 1, 2026. The merger is at arm's length, involves no cash consideration, and is rationalized for complementary technology-enabled services under common control, expected to benefit shareholders, creditors, employees, and stakeholders. Share exchange includes one equity share of Hexaware Technologies Inc issued to the parent for 5,314 membership interests of Softcrylic LLC, plus 1,954 new shares issued to the parent.

• ·Merger approved pursuant to Regulation 30 of SEBI LODR Regulations.
• ·Both entities engaged in IT consulting, software development, and business process services.
• ·No change in shareholding pattern of listed entity Hexaware Technologies Limited.
• ·Details hosted on www.hexaware.com.

05-05-2026

Infosys Limited announced the completion of its acquisition of Optimum Healthcare IT, a Best in KLAS healthcare digital transformation firm based in Jacksonville Beach, Florida, following the initial announcement on March 25, 2026. This strategic move enhances Infosys' healthcare capabilities, adding provider-domain expertise, new clients, expanded technology partnerships (including Elite ServiceNow, Premier AWS, Workday, and Microsoft Azure), and synergies with Infosys Topaz and Infosys Cobalt to drive AI-powered cloud and data transformations. No financial terms of the deal were disclosed.

• ·Optimum Healthcare IT recognized as Best in KLAS and 2026 ServiceNow Partner of the Year.
• ·Optimum Healthcare IT is an Elite ServiceNow partner, Premier AWS partner, Workday Services partner, and Microsoft Azure partner.
• ·Acquisition completion date: May 5, 2026.
• ·Infosys operates in 63 countries with over four decades of experience.

05-05-2026

Ricon Commodities Private Limited, part of the promoter group of V2 Retail Limited, created a pledge on 33,50,000 equity shares (0.91% of total share capital) held by it, as collateral for a loan from Infina Finance Private Limited, effective March 30, 2026. The promoter's total holding remains unchanged at 12,86,27,100 shares (35.28%). This disclosure was filed with BSE and NSE on May 05, 2026, in terms of Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

• ·Other promoter group holdings unchanged: Akash Agarwal (1,63,87,790 shares, 4.49%), Ram Chandra Agarwal (1,88,39,620 shares, 5.17%)
• ·Disclosure reported to BSE (Code: 532867) and NSE (Code: V2RETAIL)

05-05-2026

Promoters of Cineline India Limited, including Himanshu Kanakia, Rasesh Kanakia, Hiral Kanakia, and Rupal Kanakia, disclosed the release of 7,12,000 pledged equity shares (totaling approximately 2.08% of share capital) on April 29, 2026, under SEBI Regulation 31. The releases comprised 2,50,000 shares each from Motilal Oswal Financial Services Limited by Himanshu and Rasesh Kanakia, 6,000 shares each from Sharekhan Limited by Himanshu and Rasesh, and 1,00,000 shares each from Sharekhan Limited by Hiral and Rupal Kanakia. Post-release, encumbered shares for these promoters are 0 across all categories.

• ·Pledge creation date for released shares: 31.12.2025
• ·Disclosure reporting date: 04th May 2026
• ·Reason for original pledge: Providing collateral security by promoters for personal use
• ·No involvement of listed entity or group companies in the transactions

05-05-2026

BSE received a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, on May 04, 2026, for Deepak Kumar Singal pertaining to Deepak Builders & Engineers India Ltd (BSE: 544276). No specific details on transactions, shareholding changes, or financial metrics are disclosed in the filing notice.

• ·Disclosure received by BSE on May 04, 2026, for Deepak Kumar Singal

05-05-2026

Vardhman Polytex Limited (BSE: 514175) filed revised disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on May 05, 2026, from Adish Oswal & Others. No quantitative details such as shareholding percentages, changes, transaction values, or acquisition specifics are disclosed in the filing. This is a regulatory compliance update with no additional financial or operational metrics provided.

05-05-2026

Gaurang R Shah HUF, part of the promoter group of Kotyark Industries Limited, sold 1,16,921 equity shares (1.14% of total) on April 30, 2026, through an open market transaction, as disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This reduced the HUF's stake from 3.38% (3,47,169 shares) to 2.24% (2,30,249 shares) and the overall promoter group holding from 63.84% (65,62,191 shares) to 62.70% (64,45,270 shares). No acquisitions or other changes were reported.

• ·ISIN: INE0J0B01017; NSE Symbol: KOTYARKI; BSE Scrip Code: 544726
• ·Transaction mode: Open Market Sale
• ·Disclosure filed on May 05, 2026
• ·Key unchanged promoter holdings: Gaurang Rameshchandra Shah (50.26%), Bhaviniben Gaurang Shah (8.60%)

05-05-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Zenrock Chemicals Pvt Ltd & PACs pertaining to Indo Borax & Chemicals Ltd (BSE: 524342). This filing signals an intention to acquire shares in the target company that may trigger substantial acquisition thresholds. No quantitative details such as stake percentage, deal value, or timeline are disclosed.

05-05-2026

The Exchange has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Life Insurance Corporation of India regarding Castrol India Limited (BSE: 500870). No quantitative details such as share counts, percentages, transaction values, or acquisition intentions were explicitly stated in the filing. This is purely an informational regulatory disclosure with no financial or operational metrics provided.

05-05-2026

Deccan Cements Ltd (BSE: 502137) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, regarding Ricky Kirpalani & PACs. This indicates an intention by Ricky Kirpalani and Persons Acting in Concert to acquire shares that may cross substantial acquisition thresholds. No further details on deal structure, valuation, shareholding changes, or financial metrics are provided in the filing.

05-05-2026

BSE received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Snehjeev Ventures Pvt Ltd and PACs for Amerise Biosciences Ltd (531681). This filing signals potential intention to acquire or change substantial shareholding (crossing 5% threshold or 2% incremental change). No details on deal size, structure, valuation, share counts, or financial impacts disclosed.

05-05-2026

Brand Concepts Limited has disclosed an inter-se transfer of 1,624,220 equity shares (13.01% of total share capital) from Promoter Mr. Pradeep Maheshwari to Promoter Group member and Managing Director Mr. Prateek Maheshwari via gift, with no consideration involved. This transaction is exempt from open offer requirements under Regulation 10(1)(a)(i) of SEBI SAST Regulations and is proposed on or before May 8, 2026. Post-transaction, Mr. Prateek Maheshwari's holding increases to 3,000,374 shares (24.04%) from 1,376,154 shares (11.03%), while Mr. Pradeep Maheshwari's holding decreases to 844,633 shares (6.77%) from 2,468,853 shares (19.78%).

• ·DIN of Prateek Maheshwari: 00039340
• ·Disclosure filed on May 4, 2026 to NSE and BSE
• ·Exempt from VWAP or price declarations as it is a gift transaction

05-05-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Bhupendra G Sanghavi & Others in relation to Sunflag Iron & Steel Company Ltd (BSE: 500404). This is an early-stage intimation regarding potential substantial acquisition of shares or change in shareholding. No quantitative details such as share count, percentage change, deal value, or transaction structure were disclosed in the filing.

05-05-2026

NOCIL Ltd (BSE: 500730) filed a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on May 05, 2026, pertaining to Hrishikesh Arvind Mafatlal. No quantitative details such as shareholding changes, transaction value, or percentage stakes are provided in the filing. This is an informational SAST compliance disclosure with no financial or operational metrics disclosed.

05-05-2026

Turnaround Corporate Advisors Private Limited submitted the post-offer advertisement to BSE Limited for the open offer by Guruomega Private Limited and Mr. Man Mohan Katial to acquire up to 7,80,000 equity shares, representing 26% of the paid-up equity share capital of Aar Shyam India Investment Company Limited. The advertisement, dated May 04, 2026, was published on May 05, 2026, in Financial Express (all editions, English), Jansatta (all editions, Hindi), and Pratahkal (Mumbai edition, Marathi), in compliance with SEBI (SAST) Regulations. Dhruv Sharma is the contact person for queries.

• ·Submission to Corporate Relationship Department, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001.
• ·SEBI Registration No. of merchant banker: MB/INM000012290.
• ·CIN of merchant banker: U74140DL2015PTC278474.

05-05-2026

CSCGlobal Capital Markets (Singapore) Pte. Ltd., as facility agent and security agent, disclosed under SEBI Takeover Regulations 29(2) and 29(4) the creation of encumbrance over 10,945,558 equity shares (12.15% of total share capital) of Nirlon Limited held by BSREP IV FPI Two Holdings (DIFC) Limited, pursuant to the Amended and Restated Facilities Agreement dated 30 April 2026. The Parent, Villa Park Holdings (DIFC) Limited, created a security right over its shares in the Borrower via a DIFC law governed agreement dated 7 April 2026, for the benefit of Barclays Bank PLC. No change in shareholding or voting rights occurred, with holdings remaining at 10,945,558 shares both before and after the encumbrance.

• ·Disclosure filed with BSE Limited and National Stock Exchange of India Limited on 5 May 2026
• ·Prior disclosure by Security Agent dated 8 April 2026
• ·Shareholding pattern as per quarter ended March 2026

05-05-2026

BSE has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Yash Brahmbhatt for Gemstone Investments Ltd (531137). This filing signals an intention to acquire shares or change holding that crosses substantial thresholds (typically 5% initial or 2% incremental). No details on deal structure, valuation, share count, percentage, or parties beyond the discloser are provided.